Agora (NASDAQ:API) Stock: Insider Bin Zhao Acquires 8,545 Shares

Agora, Inc. Sponsored ADR (NASDAQ:API) CEO Bin Zhao acquired 8,545 shares of Agora stock in a transaction that occurred on Thursday, October 15th. The stock was acquired at an average cost of $4.45 per share, for a total transaction of $38,025.25. Following the completion of the purchase, the chief executive officer directly owned 2,157,668 shares of the company’s stock, valued at $9,601,622.60. This represents a 0.40% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Bin Zhao also recently made the following trade(s):

• On Friday, October 16th, Bin Zhao bought 8,800 shares of Agora stock. The stock was acquired at an average price of $4.43 per share, for a total transaction of $38,984.00.
• On Monday, October 12th, Bin Zhao bought 8,937 shares of Agora stock. The stock was acquired at an average price of $4.11 per share, for a total transaction of $36,731.07.
• On Wednesday, October 14th, Bin Zhao bought 9,757 shares of Agora stock. The shares were acquired at an average cost of $4.30 per share, with a total value of $41,955.10.
• On Tuesday, October 13th, Bin Zhao bought 5,438 shares of Agora stock. The shares were acquired at an average cost of $4.20 per share, with a total value of $22,839.60.
• On Friday, October 9th, Bin Zhao bought 5,301 shares of Agora stock. The stock was bought at an average cost of $4.08 per share, with a total value of $21,628.08.
• On Thursday, October 8th, Bin Zhao bought 9,956 shares of Agora stock. The stock was bought at an average cost of $4.06 per share, with a total value of $40,421.36.
• On Wednesday, October 7th, Bin Zhao purchased 9,837 shares of Agora stock. The stock was bought at an average price of $4.13 per share, for a total transaction of $40,626.81.
• On Tuesday, October 6th, Bin Zhao purchased 9,773 shares of Agora stock. The stock was bought at an average price of $4.19 per share, for a total transaction of $40,948.87.
• On Monday, October 5th, Bin Zhao purchased 9,713 shares of Agora stock. The shares were bought at an average cost of $4.18 per share, for a total transaction of $40,600.34.
• On Friday, October 2nd, Bin Zhao purchased 9,065 shares of Agora stock. The shares were bought at an average cost of $4.11 per share, for a total transaction of $37,257.15.

Agora Price Performance

API stock opened at $4.40 on Wednesday. The company has a 50 day simple moving average of $4.22 and a 200 day simple moving average of $4.11. The stock has a market cap of $384.21 million, a price-to-earnings ratio of 40.00 and a beta of 0.75. Agora, Inc. Sponsored ADR has a 1 year low of $3.14 and a 1 year high of $5.49. The company has a debt-to-equity ratio of 0.18, a current ratio of 5.11 and a quick ratio of 5.11.

Agora (NASDAQ:API) last issued its quarterly earnings data on Thursday, August 13th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.20) by $0.22. Agora had a net margin of 7.23% and a return on equity of 1.96%. The business had revenue of $40.42 million during the quarter, compared to the consensus estimate of $40.44 million. Research analysts anticipate that Agora, Inc. Sponsored ADR will post 0.14 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Headlands Technologies LLC raised its holdings in Agora by 25.8% in the 2nd quarter. Headlands Technologies LLC now owns 48,795 shares of the company’s stock valued at $195,000 after buying an additional 10,021 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Agora during the 2nd quarter worth approximately $101,000. Finally, AXQ Capital LP acquired a new stake in Agora in the second quarter worth $55,000. Institutional investors and hedge funds own 40.40% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Wall Street Zen cut Agora from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. Weiss Ratings raised Agora from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, October 9th. Finally, Bank of America boosted their price objective on Agora from $6.60 to $6.80 and gave the stock a “buy” rating in a research report on Friday, August 14th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $6.80.

Agora Company Profile

Agora, Inc (NASDAQ: API) provides real-time engagement technology that enables developers and businesses to add live voice, video, interactive broadcasting and messaging capabilities to applications and digital services. Its platform is delivered primarily through application programming interfaces (APIs) and software development kits (SDKs), allowing customers to integrate communications features without building the underlying infrastructure themselves.

The company’s offerings support use cases such as video conferencing, online education, telehealth, social and interactive entertainment, customer engagement, gaming and virtual events.